- $2.2M Price
- .12 Acres
- 104 DOM
840 El Camino Real
Rare 6-unit multifamily investment opportunity in the heart of Millbrae. This well-maintained property features six oversized studio units, each approximately 700-750 SF, offering spacious floor plans rarely found in todays rental market. Fully occupied with strong in-place income, the property generates approximately $147,000 in annual gross rental income and nearly $90,000 in annual NOI, providing an attractive current cap rate of approximately 3.9%. Ideally located along El Camino Real, the property offers convenient access to BART, Caltrain, SFO, Highways 101 and 280, shopping, dining, and major Peninsula employment centers. Tenants pay their own PG&E, helping maintain low operating expenses and stable cash flow. One unit is currently rented below market value, presenting future upside potential through rental optimization. A desirable investment for multifamily investors and 1031 exchange buyers seeking stable income, long-term appreciation, and value-add potential in one of the Peninsulas most sought-after rental markets. Excellent commuter location with strong rental demand and limited multifamily inventory. Dont miss this rare opportunity to acquire a turnkey income-producing asset in a prime Millbrae location.
Essential Information
- MLS® #ML82049968
- Price$2,238,888
- Bathrooms0.00
- Acres0.12
- Year Built1952
- TypeCommercial Sale
- StatusActive
Community Information
- Address840 El Camino Real
- Area699 - Not Defined
- CityMillbrae
- CountySan Mateo
- Zip Code94030
Interior
- HeatingWall Furnace
- CoolingNone
Exterior
- RoofShingle
School Information
- DistrictOther
Additional Information
- Date ListedJune 5th, 2026
- Days on Market104
- Zoningunknown
Listing Details
- AgentEdward Tseng
- OfficeKeller Williams Thrive
Price Change History for 840 El Camino Real, Millbrae, (MLS® #ML82049968)
| Date | Details | Change |
|---|---|---|
| Price Reduced from $2,288,888 to $2,238,888 |
Edward Tseng, Keller Williams Thrive.
Based on information from California Regional Multiple Listing Service, Inc. as of September 17th, 2026 at 12:37pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.